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Find the monthly payment and remaining balance, showing all work and formulas used 12. Find the monthly payment and estimate the remaining balance. Assume interest

Find the monthly payment and remaining balance, showing all work and formulas used image text in transcribed
12. Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. Twenty-year mortgage for $280,000 at 4.02%; remaining balance after 12 years. The monthly payment is (Round to the nearest cent as needed.) The remaining balance is (Round to the nearest dollar as needed.)

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